Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Fortrea Holdings Inc. regarding a class action lawsuit alleging that the company made materially false and misleading statements during the class period from July 3, 2023, to February 28, 2025 [1][2]. Allegations - The complaint claims that Fortrea overestimated the revenue contributions from its long-term projects, known as the Pre-Spin Projects, to the company's 2025 earnings [1]. - It is alleged that Fortrea overstated the cost savings expected from exiting transition services agreements [1]. - The company's previously announced EBITDA targets for 2025 were inflated as a result of these misstatements [1]. - The viability of Fortrea's post-spin-off business model and its financial prospects were also overstated [1]. - Consequently, the company's public statements were materially false and misleading throughout the relevant period [1]. Next Steps for Shareholders - Shareholders who purchased FTRE shares during the specified class period are encouraged to register for the class action by August 1, 2025, to potentially be appointed as lead plaintiff [2]. - Registered shareholders will receive status updates through a portfolio monitoring software during the lifecycle of the case [2]. About the Gross Law Firm - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting the rights of investors affected by deceit and illegal business practices [3]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements or omissions [3].
The Gross Law Firm Reminds Shareholders of a Lead Plaintiff Deadline of August 1, 2025 in Fortrea Holdings Inc. Lawsuit - FTRE